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How To Become A Mortgage Loan Officer In Arizona (2022)

How To Get Your Mortgage License (MLO) In Arizona

Last Update: March 28, 2022

How do I become a mortgage loan officer in Arizona? (Also known as a mortgage loan originator license)

Arizona’s Real Estate is booming! More than 200 people are moving here per day and with house prices averaging over $400,000 in Maricopa county, people need loans more than ever in order to get into housing! This is where you come in!

But how do I get my Mortgage Loan Originators license?

First of all, each state has some unique and specific guidelines that you must follow. You can check out Arizona MLO requirements here.

Once you verify your state specific course, it’s easy to get going. These simplified steps will help you determine the best way to get your mortgage loan originator or loan officer license.

*Please note, that this is a general overview of requirements and that they may not reflect the most recent information. Your specific circumstances may require a different process as well. Please always verify requirements with the appropriate agencies.

How To Become A Mortgage Loan Officer In Arizona In 6 Steps

Step #1

Create an account and register with Nationwide Multistate Licensing System & Registry (NMLS) and obtain an ID number.

register with NMLS

Step #2

You must complete 20 hours of education either online or in person including:

3 hours of Federal law

3 hours of ethics (including fraud, consumer protection, and fair lending issues)

2 hours of non-traditional mortgage lending

8 hours of undefined education (electives)

4 hours of Arizona law

20 hours of NMLS training

Step #3

Pass the NMLS Mortgage licensing exam (some states have a state specific test)

NMLS exam Arizona

Step #4

Complete background checks

nmls background check

Step #5

Apply for your license

NMLS application Arizona

Step #6

Find an employer and associate your NMLS account ID with them

hired mortgage loan originator

Note:

There is no requirement for previous education and once hired, loan officers usually receive some on-the-job training. This may be a combination of formal, company-sponsored training and informal training during the first few months on the job. Most Loan Officers come from a background of sales, customer services and enjoy working with others.

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